Asian shares were slightly weaker on Friday, amid fragile market sentiment after U.S. President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue, according to Reuters.

Affin Hwang Capital Research said US stocks clawed back losses and early declines on Thursday, sparked by cancellation of the US-North Korea summit.

It said investors prefer to stay on the sideline and shift their focus to safe haven assets like gold. Gold surged more than 1% in overnight trade.

“Ringgit remains weak, in line with weakness in crude oil prices and firmer US dollar. Currently ringgit is hovering around RM3.981/US$.

“In the local market, the FBM KLCI continued drifting lower, losing almost 29 points yesterday.

“Expectation is that the FBMKLCI Index might open soft again today, in tandem with global market, amidst the government debt situation. Nonetheless, the fundamental outlook of Malaysian economy is anticipated to remain strong, thus weakness in the market should be capitalised by investors via accumulating good quality stocks,” the research house said.